The Top 25 Highest-Paying Internships
Despite recent mass layoffs, the highest-paying U.S. internships are still in tech.
Glassdoor recently compiled the top 25 highest-paying internships of 2023 based on salary reports from March 2022 to March 2023.
Fintech firm Stripe Inc. and video game developer Roblox Corp. topped the list with an average salary of more than $9,000 a month—equivalent to an hourly wage of about $56 or an annual salary of about $108,000—for entry-level internships.
BUSINESS OUTLOOK
In addition to average monthly salary, Glassdoor also compiled business outlook ratings for each employer. This measure is based on data collected from Glassdoor users, such as CEO rating and willing to recommend their firm to a friend. Across both finance and tech industries, a number of companies had dire outlook ratings—in large part due to recent mass layoffs.
For instance, Credit Suisse Group AG—which ranked No. 7 on the list—had a business outlook rating of only 39%. The company recently required a rescue from UBS Group AG, which required a mass layoff of roughly 36,000 employees as part of the takeover.
In tech, companies like Amazon and Meta, also saw mass layoffs of hundreds of thousands of employees.
One chipmaker company stood out amongst the others in terms of exceptional pay and strong business outlook: Nvidia Corp. has an average monthly intern salary of $8,280 and Glassdoor ranked its business outlook at 95%.
Additionally, finance companies like Capital One Financial Corp. and JPMorgan Chase & Co. and advisory firms like McKinsey & Co. and Bain & Co., saw high-paying internship salaries as well.
“While the current labor market has cast a shadow over many companies' summer internship programs, this report is a reminder that many companies do pay interns, and some pay quite competitively,” Daniel Zhao, Glassdoor's lead economist, says. “For anyone searching for an internship this summer, it might not be in your best interest to accept the first unpaid, coffee-fetching gig that comes along.”
